A former employee of a New York-based technology company, likely to be IoT technology company Ubiquiti, has been arrested for stealing confidential data and extorting his employer for nearly $2 million. If convicted, the suspect faces up to 37 years in prison.
The saying "Penny-wise, pound-foolish" is relevant when we talk to those friendly, knowledgeable finance people about ongoing employee screening due to the dreaded insider threat and the costs associated with it - which leads to us pulling out our hair in utter frustration. This rant is about that.
Pfizer has sued a former employee, alleging she uploaded to her personal devices and accounts thousands of files containing confidential information and trade secrets pertaining to the company's vaccines and medications, including its COVID-19 vaccine, to potentially provide to her new employer.
In the latest weekly update, four ISMG editors discuss: a federal judge imposing the maximum sentences on a hacker who pleaded guilty to conspiracy and aggravated identity theft, regulators getting tougher on cryptocurrency lending platforms and the return to in-person roundtables.
A new self-assessment tool aims to help public and private sector organizations assess their level of vulnerability to insider threats, according to CISA. The agency also indicated this week it will keep its "rumor control" website active ahead of the 2022 midterm elections.
All enterprises face potential losses due to insider threats, whether the threat actors are malicious or otherwise. This white paper delves into
All enterprises face potential losses due to insider threats, whether the threat actors are malicious or otherwise. This white paper delves into where insider threats come...
Cyber criminals are getting bolder and more sophisticated with their threats. No matter what kind of business you are in, you are likely to run into ransomware threats. During a ransomware attack, organizations - big and small - struggle to maintain productivity, preserve brand reputation and come up with a payment...
A Nigeria-based ransomware gang is conducting a campaign that dangles a $1 million bribe - or a portion of any ransom collected - to employees of targeted organizations if they will install DemonWare ransomware on their corporate network.
Security leaders face numerous challenges, including software vulnerabilities, third-party supplier liabilities, and distracted employees who may not realize their security behaviors are putting the company at risk. While many organizations focus on mitigating external threats, 30% of data breaches actually involve...
The Australian Cyber Security Centre (ACSC) responded to 2,266 cyber security incidents at a rate of almost six per day from July 2019 to June 2020. These attacks not only disrupt the businesses but translate to costing the economy up to $29 billion per year which is 1.9% of Australia’s gross domestic product (GDP)....
Global research uncovers IT security leaders’ key strategies for cloud complexity, remote work and supply chain attacks.
Security organizations have always been hard-pressed to keep up with the rising tide of data, the ever-expanding perimeter, and the increasing frequency and sophistication of attacks. Our...
A 30-year-old Greek national has been indicted on charges of selling insider trading tips and other proprietary financial data on darknet sites. Apostolos "The Bull" Trovias faces securities fraud and money laundering charges.
The Justice Department has filed seven new criminal charges against Paige Thompson, who is suspected of hacking Capital One in 2019, compromising the data of 100 million Americans, including exposing hundreds of thousands of Social Security numbers. If convicted, She now faces a possible 20-year sentence.
A government watchdog is urging NASA to make multiple improvements to its cybersecurity and risk management policies to counter threats to the space agency's network, infrastructure and data. NASA, in turn, is working toward making some security improvements outlined by the GAO by the end of this year.
This edition of the ISMG Security Report features an analysis of CISA's finding that agencies could have prevented follow-on attacks after the SolarWinds supply chain attack by properly configuring firewalls. Also featured: Congressman discusses deterring nation-state attacks; insider threat mitigation tips.
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